PPP Loan Data — Cosway Company Inc, Carson, CA
Cosway Company Inc is a subchapter s corporation located at 20633 S Fordyce Ave in Carson, California that received a Coronavirus-related PPP loan from the SBA of $2,528,900.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 155 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank
Cosway Company Inc in Carson, CA received a Paycheck Protection Loan of $2.53M through City National Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cosway Company Inc's 2019 payroll expenses are estimated to be at least $12.14M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $78,314 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cosway Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,515,100
- Utilities: $179,900
- Rent: $484,500
- Health Care: $349,400
Business Information - Cosway Company Inc in Carson, CA
20633 S Fordyce Ave
Carson, CA 90810
Toilet Preparation Manufacturing
NAICS code 325620
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,286 businesses in the "Toilet Preparation Manufacturing" industry received a total of $309.43M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 22 employees, 86% lower than Cosway Company Inc's reported 155 employees, and received an average PPP loan of $240,617, 90% lower than this company's loan of $2.53M.
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Footnotes & Information
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